Filtered by tag "Medical Marijuana"

Oregon as Informal Case Study: Some Lessons Learned from the Rush in the Pacific Northwest

By J.J. McCoy, Senior Managing Editor for New Frontier Data What We Have Learned: New Frontier Data offers some important lessons about the state’s recent retail sales, prices, and market segmentation. As the cannabis industry makes its first, long-anticipated forays into completely open Pacific Coast legalized markets, the initial lessons of 2018 are being observed just […]
Read more

Lessons from California’s First Month: January Sales Were Jumping Out of the (Golden) Gate

By J.J. McCoy, Senior Managing Editor for New Frontier Data What We Have Learned: California’s new adult-use market will soon lead the nation in revenues, with estimates for adding an additional $4 billion to state coffers. January 1 represented a watershed for cannabis reform in the United States, as California (the country’s most populous state, representing […]
Read more

Trump’s Tax Reform: What Operators and Individuals Need to Know?

By Mary Amato, CPA, Partner What We Have Learned: If the introduction of new markets and regulations did not keep lawyers and accountants busy, the new tax laws should.    We have not seen a reform to the tax code as sweeping as the TCJA (Tax Cuts and Jobs Act of 2017) since 1986. As […]
Read more

Lessons from California’s First Month: How Does Cannabis Conform to Licensing and Compliance?

By J.J. McCoy, Senior Managing Editor for New Frontier Data What We Have Learned: Trying to convert a tradition of libertarian independence respect for regulations can represent a heavy lift. Having addressed issues for retailers in California’s new adult use market,  now we recognize the haphazard dance between state regulators and their would-be suitors for licensure […]
Read more

Lessons from California’s First Month: Challenges to Growers and Suppliers

By J.J. McCoy, Senior Managing Editor for New Frontier Data What We Have Learned: Small, independent operators in the Golden State have been left to blow in the wind while licensing lags behind their ambitions. Having addressed issues for retailers and then licensing and compliance concerns which arose during January and the genesis of California’s adult-use […]
Read more

A California Tax Guide for Cannabis Businesses – Considering the Effects

By Eddie Delgado, CMI & Hannah Kim, CPA What We Have Learned: The California Growers Association calls taxes “the single greatest barrier to entry” and cites them for propping up the illicit market, “preventing compliance from good-faith operations, and contributing to price increases for patients and consumers.” Besides 29 states and the District of Columbia […]
Read more

The Tax Cuts and Jobs Act: Key Considerations for Cannabis Businesses

By Mary Amato, CPA, Partner The Tax Cuts and Jobs Act (“the Act”), signed by President Trump on December 22, 2017, is the most sweeping update to the tax code since 1986. While technical corrections and interpretive guidance issued by the IRS are forthcoming, taxpayers must understand which provisions will affect them and how. Cannabis […]
Read more

Federal Cannabis Revenue to Total $44B Through 2025

  As retail revenue continues to grow in legal cannabis, so will jobs, business opportunities, payroll and of course tax revenue produced for the federal government. Total federal tax revenue is estimated $2.9 billion for 2017. Tax revenue is expected to grow consistently reaching $6.7 billion by 2025. Roughly 200,000 jobs exist in today’s legal cannabis market. By […]
Read more

Federal Cannabis Revenue to Total $44B Through 2025

  As more revenue is generated in the legal cannabis, there will be more jobs created, and more business and payroll taxes generated for the federal government. Roughly 200,000 jobs exist in today’s legal cannabis market (i.e., growers, processors, wholesalers and retailers), not including ancillary businesses. By 2025, projections anticipate 630,000 industry-specific jobs. Total estimated [...]
Read more

Cannabis – Tax Guide For Cannabis: What You Need To Know And How It Will Affect California

By Eddie Delgado, CMI & Hannah Kim, CPA Besides 29 states and the District of Columbia that have legalized marijuana for medical use, there are currently nine states that have also legalized marijuana for recreational purposes.  Nearly every poll shows most Americans approve of the legalization of marijuana and governors are becoming dependent on the […]
Read more
Top